Softbank-Backed Twenty One Capital to Debut on New York Stock Exchange

Softbank-Backed Twenty One Capital to Debut on New York Stock Exchange

Twenty One Capital CEO Jack Mallers confirms NYSE listing under ticker XXI on December 10, alongside a $3.94 billion BTC shift to self-custody with updated reserves proof.

BTC

Fact Check
The statement is comprised of three core claims: 1) The existence of a company named Twenty One Capital, 2) its backing by Softbank, and 3) its planned debut on the New York Stock Exchange. The provided sources strongly support all three claims.First, the company's debut on the NYSE is corroborated by a multitude of sources, including a major financial news website (Investing.com), a SPAC-focused data platform, and several other financial news outlets. This part of the statement is well-established and consistent across high-authority evidence.Second, the connection to Softbank is explicitly confirmed by three separate sources. The most comprehensive source, with a relevance score of 1.00, directly states that Twenty One Capital is backed by SoftBank Group. Another source, a social media post from a bank, details the partnership that established the company and lists SoftBank as a founding partner. A third crypto news article also reiterates the backing by SoftBank.While several other sources do not mention Softbank, this is an omission of information rather than a contradiction. It is common for news reports about a merger or listing to focus on the primary entities involved (in this case, Twenty One Capital and Cantor Equity Partners) without detailing the full list of investors or backers. The fact that multiple independent sources directly confirm the Softbank link, and none deny it, lends high credibility to this claim. The overall evidence strongly supports the statement as being truthful.
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Summary

Twenty One Capital CEO Jack Mallers announced the firm will list on the NYSE under ticker XXI on December 10. As part of the listing process, its 43,500 BTC, valued at $3.94 billion, will be moved from a custodial account to self-management. The company will provide an updated proof of reserves following the transfer.

Terms & Concepts
  • New York Stock Exchange (NYSE): One of the largest securities exchanges in the world, based in New York City, where stocks and other securities are bought and sold.
  • Custodial account: An account held by a financial institution or third party to safeguard assets on behalf of the owner.
  • Proof of reserves: A method used by financial entities to verify and publicly disclose their cryptocurrency holdings to ensure transparency and solvency.